Joe Copia's daytrades/investments and thoughts Message Board

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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts

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To: Joe Copia who wrote ()	10/10/1999 11:08:00 PM
From: mark cox	of 25711

(PPRO)ASCENDING TRIANGLE WITHIN A SYMETRICAL TRIANGLE. I believe that we will see $58.00 sometime this week. It is presently $36.75 My reasons are triangles. I have never seen this particular pattern in a stock. We have both a symetrical triangle and an ascending triangle going on with PPRO. If you take in account all the extreme highs and lows of the daily chart you will see a symetrical triangle as clear as can be. Now if you take the tails off of the extreme highs on both 9/21 and 9/28 you have one of the most beautiful ascending triangles you could see. The upper edge is just below $40. The lower edge began on 9/17 at $22.50 so if we take the difference between the two we get an $18 swing. $40 + $18 would take us to $58.00 If we use the symetrical triangle instead of the ascending triangle we would have a swing from $22.50 to $47.75 and a breakout from that would land us in the area of $65.00 Buy it on a breakout above $40. Here is a link to the chart that shows both triangles in play. HREF="http://finance.yahoo.com/q?s=PPRO&d=3m " TARGET="_blank">http://finance.yahoo.com/q?s=PPRO&d=3m Mark

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